EconPapers    
Economics at your fingertips  
 

Climate Amenities, Climate Change, and American Quality of Life

David Albouy (), Walter Graf (), Ryan Kellogg and Hendrik Wolff ()
Additional contact information
Walter Graf: University of California, Berkeley

No 7339, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not substantially more averse to extremes than to temperatures that are merely uncomfortable. These preferences vary by location due to sorting or adaptation. Changes in climate amenities under business-as-usual predictions imply annual welfare losses of 1 to 3 percent of income by 2100, holding technology and preferences constant.

Keywords: climate amenities; climate change; quality of life; temperature profiles; heterogeneous preferences (search for similar items in EconPapers)
JEL-codes: H49 I39 Q54 R10 (search for similar items in EconPapers)
Pages: 76 pages
Date: 2013-04
New Economics Papers: this item is included in nep-env, nep-hap and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23) Track citations by RSS feed

Downloads: (external link)
http://ftp.iza.org/dp7339.pdf (application/pdf)

Related works:
Journal Article: Climate Amenities, Climate Change, and American Quality of Life (2016) Downloads
Working Paper: Climate Amenities, Climate Change, and American Quality of Life (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp7339

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2021-06-10
Handle: RePEc:iza:izadps:dp7339